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By: Crown Forex - 30-09-2008
0votesEUR/JPY
The Euro also fell heavily against the Japanese Yen as the pair was able to breach the 151.56 support level but the downside movement stopped at the 148.83 level which provided the pair with some strength to rise back, since the pair was being traded within an oversold area on intraday basis, however this slight rebound will not persist if the pair failed to breach the 151.56 level again.Support 149.56 149.14 148.87 148.45 148.03 Resistance 149.99 150.36 150.78 151.20 151.56 Recommendation ... GBP/JPY
The Pound fell yesterday against the Japanese Yen as turbulence continue in the financial markets, the pair breached the 189.39 level and now seems to be heading towards the 186 levels, however the momentum indicators are showing that the pair I being traded within an oversold area and that might call for an upside correction on intraday basis and only breaching the 189.39 would open the way back for the pair to climb back to the 190.94 level.Support 187.62 187.15 186.75 186.35 186.02 Resistance 188.21 188.81 189.39 189.87 190.20 Recommendation ... EUR/GBP
The pair rose yesterday from the support level at 0.7909 to hit the resistance at 0.8029 which prevented the pair from rising further and pushed it back below the 0.8000 psychological barrier which now stands ahead of the pair's upside wave, the momentum indicators are still providing further upside signals as no signs of divergence emerged yet, however the pair must breach the 0.8000 levels and settle above it in order to be able to acquire higher targets.Support 0.7964 0.7952 0.7937 0.7925 0.7909 Resistance 0.7975 0.7987 0.8002 0.8016 0.8029 Recommendation ...
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CROWN FOREX SA, located at St-Hubert 38, 2854 Bassecourt, P.o.box 247, Switzerland, is fully regulated as a financial intermediary under Swiss federal law on the prevention of money laundering (LBA, MLA). Our company is also affiliated with the ARIF association, thus overseen by the Swiss federal de
DISCLAIMER:
The above may contain information for investors/traders and is not a recommendation to buy or sell currencies, gold, silver & energies, nor an offer to buy or sell currencies, gold, silver & energies. The information provided is obtained from sources deemed reliable but is not guaranteed as to accuracy or completeness. I am not liable for any losses or damages, monetary or otherwise that result. I recommend that anyone trading currencies, gold, silver &energies should do so with caution and consult with a broker before doing so. Prior performance may not be indicative of future performance. Currencies, gold, silver &energies presented should be considered speculative with a high degree of volatility and risk
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